# Triple RSI Drop

This strategy was inspired by the following:

[![Triple RSI Drop Rules](https://static.moshington.com/images/strategies/triple-rsi-drop/strategy-rules.png)](https://x.com/QuantifiedStrat/status/1702712880334786783)

## Rules

1. The asset (e.g., SPY) must be above its 200-day moving average.
2. The 5-period RSI must have been below 60 3 days ago.
3. The 5-period RSI has dropped for 3 days in a row.
4. If the 5-period RSI closes below 30, enter a long trade.
4. Exit the trade when the 5-period RSI closes above 50.

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